If the price breaks out of the channel, the bulls can carry the price to $10,500.
If the bulls can push the price above it, the BTC/USD pair is likely to pick up momentum.
If the bulls can push the price above the triangle and the overhead resistance at $288.599, the uptrend will resume.
Conversely, if the price bounces off $0.26362, the bulls will once again attempt to carry the price to the overhead resistance at $0.31503.
If the bulls fail to push BCH above the 20-day EMA, the bears will make another attempt to sink the price below the critical support at $360. If successful, a drop to $306.78 is possible.
Contrary to our assumption, if the bulls can push the price above the 20-day EMA, a rise to $337.80 is possible.
The advantage will tilt in favor of the bulls if the price breaks out and sustains above $23.5213.
If the price rebounds off $2.9204864, the bulls will once again attempt to push the price above the lifetime high at $3.9499.Nonetheless, if the support at $2.9204864 cracks, the XTZ/USD pair can drop to $2.6025, which is the 50% retracement level of the rally.
The bulls are currently attempting to keep the price above the critical support at $0.0560221, which is just below $0.0570183, the 38.2% Fibonacci retracement level of the most recent rally.
A break above $0.065229 can push the price to $0.0722722.
Price Analysis Feb 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA
에 게시 됨 Feb 24, 2020
by Cointele | 에 게시 됨 Coinage
Another mainstream company is seeking approval to invest in crypto
Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto.
COVID-19 popularized decentralization, but blockchain may not catch on
On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic's end - as the virus continues to rage in the United States and Europe - once can at least speculate: Where will blockchain adoption stand when the crisis abates?
Bitcoin hits new 2020 high at $16.7K -Traders expect bigger breakout
The price of Bitcoin hit a new yearly high at $16,717 on Binance.
The next big crypto market could be fantasy sports, says Messari
As "Digitally native" ecosystems like esports continue to synergize with blockchain technology, industries like fantasy sports could be primed for mass adoption, says digital research firm Messari.